Greece has significantly strengthened its position in the European electricity market, ranking among the leading electricity exporters in the first quarter of the year, according to Deputy Environment and Energy Minister Nikos Tsafos.
Only a few years ago, the country was heavily dependent on imports, but recent developments have reversed that trend. The shift is largely driven by increased output from wind energy, which has enabled Greece to supply electricity to neighboring markets and improve its overall energy balance.
Alongside its export performance, Greece also recorded comparatively lower wholesale electricity prices than countries in Central and Southeastern Europe during the same period. In the natural gas market, prices have remained within a relatively stable band, fluctuating between 45 and 50 euros/MWh. These levels are similar to those seen during the winter of 2024–2025 and remain far below the extreme highs experienced during the peak of the energy crisis, when prices reached around 250 euros/MWh.
Tsafos explained that one of the key reasons gas prices have not returned to crisis levels is the absence of strong competition from Asian buyers for liquefied natural gas (LNG) shipments. Instead, many Asian economies have relied more heavily on coal, easing pressure on global LNG demand and helping stabilize prices for Europe.
